NYMEX:CLM2020   Crude Oil Futures (Jun 2020)
4.29.20 I need to clarify this video. The CME prohibits retail traders from trading the spot contract and the next contract which is the July contract, but you can trade the August contract. However the August contract is in an un-tradable coil... there is no way that I can trade this contract at this point. The iron is that the spot contract is trading magnificently as if everything was just fine... even without all the retail traders that cannot trade it. I wonder if this is because retail traders never really have the influence in the volume as they think... since you and I don't even have the option to be in this market as we are prohibited from treating the spot contract in the July contract. Nevertheless, I would hasten to say that the process of comparing the smart money to the fast money is a way of thinking that keeps you on the correct side of the market. In the last seven days buyers made almost as much money as the breakout sellers the last two days of the spot contract. This is very important because I am guessing most retail traders have no concept about how profitable it is to trade in a bearish market is oversold and that it will be wildly more productive to be a buyer and a seller if it's traded properly. It's not intuitive to the beginning trader. In any case, my brokerage firm has made regulations that force retail traders out of an expiring contract days before it expires and this is because cost firms money, and bad traders get wiped out of the market as well. So now we have more regulations and they will not go away. In a month or so I would be looking at the August contract and oil which has the second to the highest open interest today, and look to see if patterns are developing so that I can look for trades on the contract. You and I could trade this contract today but it's not tradable at the present moment. Gold is tradable; the DXY is tradable but there's not a trade. When I see a 4X market in a USD pair set up, I will post on that. I will post the forex but trade the futures contract. my neck is sore
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